Personal Waxing & Nail Salons in the US - Industry Market Research Report

Personal Waxing & Nail Salons in the US - Industry Market Research Report

Personal Waxing & Nail Salons in the US

The personal waxing and nails salons industry, which includes salons offering waxing and nail care services, has grown over the past five years despite substantial disruptions caused by the pandemic. Given the industry's discretionary nature, rising disposable income and consumer spending over the past five years resulted in more consumers using services. Revenue gains have been led by various product trends, including matte nails, colored gel nails and threading, which have generated high growth for the industry. Over the past five years, revenue has been growing at a CAGR of 8.6% to $29.9 billion, including an expected 1.9% increase in 2023. However, profit is expected to dip to 8.5% of revenue in 2023 from 8.6% in 2018.

This industry comprises salons that primarily offer nonsurgical hair removal through body waxing and nail care services. This industry does not include companies that primarily offer hairstyling or training in cosmetic arts, nor does it include electrolysis, permanent makeup or tanning services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."